UBS raised the price target for the Skillz Inc. (NYSE:SKLZ) stock to “a Neutral”. The rating was released on February 25, 2021. We previously noted in another research note published on January 19, 2021 by Canaccord Genuity that initiated the stock to a Buy for SKLZ stock. The research report from Wells Fargo has initiated the stock to Equal Weight, with a price target set at $28. The stock was initiated by Wedbush, who disclosed in a research note on January 13, 2021, to Outperform and set the price objective to $34. In their research brief published January 12, 2021, Stifel analysts initiated the Skillz Inc. stock to Buy with a price target of $28.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.13 during the last quarter as opposed to a consensus estimate of -$0.1, which indicates the company missed its estimate by -$0.03, which implies that the company surprised the market by -30.00%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$0.09. This is an average of 3 analysts’ earnings, where the high earnings per share estimate is -$0.07 and the low earnings per share estimate is -$0.11. According to 5 analyst estimates, an average revenue estimate of $76.44M is projected for the current quarter with a high revenue estimate of $79.59M and a low estimate of $72.2M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Skillz Inc. (NYSE:SKLZ) dipped -13.98% to close Wednesday’s market session at $19.99, lower as compared to yesterday’s close. The stock price fluctuated between $19.90 and $23.63 throughout the trading session with the volume trading being 21019940 shares, which represented a significant variation when compared to the three months average volume of 9.21 million shares. The firm’s stock price fluctuated -31.94% within the last five trades and -35.43% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 64.66% in the last 6 months and 1.16% was added to its value over the previous 3 months. SKLZ stock is trading at a margin of -30.21%, -34.80% and 14.08% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SKLZ deals in the Communication Services domain. The stock is trading -56.82 percent below its 52-week high and 103.77 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 17.12. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Skillz Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the profit margin is -53.20 percent, and the company has reported a gross margin of 94.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $7.69 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The stock has achieved an effective Price-to-Sales Ratio of 33.40 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 24.99, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 5.70 percent of Skillz Inc. shares are owned by insiders, and 45.70 percent are held by financial institutions. Paradise Andrew, the Chief Executive Officer at Skillz Inc. (SKLZ) has sold 8,402,866 shares of firm on Mar 23 at a price of $23.34 against the total amount of $196.12 million. In another inside trade, Chafkin Casey, Chief Revenue Officer of Skillz Inc. (NYSE:SKLZ) sold 1,673,599 shares of the firm on Mar 23 for a total worth of $39.06 million at a price of $23.34. An inside trade which took place on Mar 23, Vice President, Legal of Skillz Inc. Edelman Charlotte sold 30,340 shares of firm against total price of $0.71 million at the cost of $23.34 per share.